Answer:
C. 27%
Explanation:
Percentage calculation will be as follows
Percentage of expense = [tex]\frac{Expense\: of \: rent}{Net \: Earnings} \times 100[/tex]
Here, provided
Net Earnings = $740 per month
Rent paid by Lisa Jones = $200 per month
Therefore, percentage of rent over net income = [tex]\frac{200}{740} \times 100 = 27[/tex]
Therefore correct option is
C. 27%
Answer:
From net earnings of $740 per month Lisa Jones must spend $200 from her portion of the rent on an apartment she shares with two friends. 27% of her net income is her rent payment.
Solution:
200/740*100=27.027%
Explanation: